Percentage of Bulgarian non-financial cos expecting to shut down up in Jan

Percentage of Bulgarian non-financial cos expecting to shut down up in Jan

The percentage of non-financial enterprises in Bulgaria expecting to discontinue their operations due to the coronavirus crisis increased on a monthly comparison basis in January, the National Statistical Institute (NSI) said on Wednesday.

In January, as many as 2% of non-financial enterprises expected to shut down in a month's time because of the crisis, the NSI said in a statement, citing the results of a survey it had conducted among over 3,700 companies employing approximately 230,000 people.

In December, 1.7% of non-financial enterprises expected to halt operations in the short term, according to NSI.

The results of the survey showed that the majority of the respondents, nearly 93%, expected to continue to operate as usual in February, while 3.4% intended to temporarily suspend activities.

According to the survey, 15% of the companies had put employees on paid leave in January, while 14.9% had sent employees in unpaid leave. Firms whose employees were working from home represented 13.7% of all respondents.

The results of the survey also indicate that 42.8% of the companies recorded lower monthly operating revenues in January, up from 39% in December, while 45.3% reported no changes. As many as 11.2% saw a month-on-month rise in revenue in the review month, down from 14.5% a month earlier.

As many as 54% of the companies active in culture, sports and entertainment and 48.6% of companies in trade, transport and restaurant services saw their revenue decline in January.

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